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Netprofit

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(Querist)
14 January 2016 sir, anybody can tell me what is the expenses percentage to be declared compared to netprofit.
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Ankur Singhal

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Ankur Singhal (Expert)
14 January 2016 Dear
There is no such provision or anything like that.
Declare the true picture of the company.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
14 January 2016 No such percent prescribed in Act, but U/s 44ad minimum 8% turn-over as income, if you declare less than 8% below 1 crore turnover than you will liable for tax audit.
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purushottamreddy

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purushottamreddy (Querist)
15 January 2016 thank u all of u
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